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GSA is cooking up a new, comprehensive procurement data source

Federal News Network

The government both creates and runs on data. Given that agencies spend hundreds of billions of dollars on goods and services the more procurement data it has, the better it can understand trends and ‘manage’ procurement. That’s the idea behind a data source effort known as Hi-Def.

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Supplier Diversity: From Checking-the-Box to a C-Suite Strategy

ivalua

For the Government, supplier diversity programs are something procurement professionals in the United States (US) have accepted as a key element to their procurement success. Since their inception more than 50 years ago, supplier diversity programs have spread beyond public procurements. Supplier Diversity on the World Stage.

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Three ways World Bank procurement can drive collaboration for the SDGs

Open Contracting Partnership

Traditional procurement approaches prioritised lowest price, which led to unintended consequences like accepting bids of lower quality, a lesser performance record or that did not adequately allow buyers to consider equity, sustainability or socio-economic objectives like creating local jobs.

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Smarter collaboration: How Mexico City delivers major projects through inclusive planning

Open Contracting Partnership

Mexico City has devised an efficient, participatory, and transparent approach to seek input from potential suppliers and the public on draft contracting documents before a formal call to tender is announced. In October 2024, use of the pre-bidding module became mandatory for Mexico City’s buyers. It all starts with procurement.

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A red light for corruption: How the Dominican Republic is using open data, better processes & collaboration to fight corruption

Open Contracting Partnership

Approach: The new director of the procurement agency led the development of a data-driven corruption risk monitoring system and worked with a reform team to strengthen the institutional capacity of government buyers, improve cross-agency coordination and increase collaboration with civil society. in 2020 to 59.7%

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Was UK’s Covid PPE procurement even worse than we thought? New analysis raises more red flags

Open Contracting Partnership

Here is an example from BuyandSellCanada of a well-structured, orderly process with clear supplier specification of what PPE was needed. Here is Colombia setting up an open framework to better connect buyers and sellers in an orderly and transparent manner. The market is disrupted, buyers and suppliers urgently need to connect.

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Invoice Hub – the Next Horizon for AP Automation

ivalua

Over time the focus has shifted from the real challenge of Invoice matching to creating the perfect supplier invoice relying on OCR. It breaks the bond between Buyer and Supplier, resulting in fragile supply chains and lots of mistrust. Finally, the all powerful e-Invoice network emerged to magically automate all before it.